Views & Convictions

Welcome to the inaugural Rothschild & Co Asset Management Swiss Monthly Insights. Our newsletter provides you with direct access to the latest views and convictions of our fund managers across various asset classes. Our aim is to present you with a carefully curated selection of articles, papers, and interviews that cater specifically to Swiss investors. With a focus on sharing their latest opinions, we hope this succinct newsletter will offer you valuable insights to help inform your investment decisions.?

1. Explore the newest investment themes introduced by Yoann Ignatiew, the Fund Manager of R-co Valor, one of Rothschild & Co's longstanding investment strategies.

"The recent turmoil at Silicon Valley Bank, First Republic Bank and Credit Suisse sent shockwaves throughout the global financial landscape, putting the solidity of the US and European banking systems to the test. A crisis of confidence and bank runs rocked the industry, leaving investors on edge. Fortunately, governments and central banks were quick to take actions so far, leveraging the hard-learned lessons of the 2008 financial crisis to contain the damage. However, as the dust begins to settle, the full extent of the impact and its aftermath remain difficult to predict. Against this backdrop of uncertainty, Yoann Ignatiew takes center stage, revealing his current positioning and investment focus through his 3.5 billion euros (April 2023) global flexible fund, tracing its roots back to 1994."

Our insights in German :

And in French :

2. Emmanuel Petit, Head Fixed Income at Rothschild & Co Asset Management to meet with investors in Zurich and Geneva on June 21 and June 22.

Emmanuel, who is responsible for overseeing the fixed income business of the division, is set to host two exclusive luncheons in Zurich and Geneva next month. With a portfolio of over 12 billion euros (April 2023) invested across a range of credit strategies, some of which he pioneered nearly 15 years ago, Emmanuel will seek to share his insights into the fixed income markets. He plans to discuss his current positioning and provide his outlook for the second half of 2023, which is beset by challenges due to the uncertainty of a soft or hard landing, stagflation, or no landing at all. Despite these challenges, Emmanuel will explain how he intends to seize opportunities and navigate through the uncertainties.

In anticipation of his upcoming visit next month, Emmanuel provides a brief preview of his investment strategy. Against a backdrop of uncertainty surrounding the evolution of monetary policies, Petit offers his opinion on the impact of inflation on his unconstrained credit strategies. This provides a succinct and straightforward glimpse into his thinking and a nice preview of what to expect during his visit.

3. Our Monthly Macro Insights

The global economy started the year on a firmer note than feared. Yet, core inflation is still stubbornly high while banking sector woes make it clear that the most aggressive tightening cycle in decades is taking its toll. Correspondingly, central banks will have to balance the risks between price and financial stability. To find out more, read the latest macroeconomic analysis by our Chief Economist Marc-Antoine Collard, which we will share with you each month going forward.

Coming up next month… We are thrilled to announce the release of our highly anticipated quarterly fixed income strategy paper, accompanied by a new selection of articles, papers, and interviews from our fund managers which we hope you will find insightful. Stay tuned for our next newsletter.

Enjoyed the contents of this newsletter?

Follow Rothschild & Co Asset Management on LinkedIn.

Take a look at our website.

Disclaimer

All rights reserved. It is an advertising post and should not be considered as an investment or tax advice, or as an investment recommendation from Rothschild & Co Asset Management Europe. The data mentioned in this document may change at any time. Although this document has been prepared with the greatest care from sources that Rothschild & Co Asset Management Europe believed to be reliable and in good faith, no representation or warranty, express or implied, is made as to information accuracy or completeness, which is indicative only. The information does not presume the suitability of the UCI presented to the profile and experience of each individual investor. In case of doubt, we recommend that you contact your financial or tax advisor. Before any investment, please imperatively read the key investor information document (KIID PRIIPS) and prospectus of the UCI carefully, especially its section relating to risks. Any investment is always subject to risk. Before investing, each investor must ensure the jurisdictions in which the UCI is registered. The KIID, the full prospectus as well as the net asset value (NAV)/net inventory value (NIV) are available on our website: www.am.eu.rothschildandco.com. The information presented is not intended to be disseminated and does not constitute in any way an invitation for US nationals or their agents. The units or shares of the UCI presented in this document are not and will not be registered in the United States pursuant to the U.S. Securities Act of 1933 as amended ("Securities Act 1933") or admitted under any law of the United States. These units or shares may neither be offered, sold in or transferred to the United States (including in its territories and possessions), nor directly or indirectly benefit to a “US Person” (within the meaning of Regulation S of the Securities Act of 1933) and equivalent persons (as referred to in the US "HIRE" Act of 18 March 2010 and in the FATCA provisions).

Rothschild & Co Asset Management Europe, organized under the laws of France, registered with the Trade and Companies Register of Paris RCS Paris 824 540 173. A management company licensed by the Autorité des Marchés Financiers under N° GP 17000014, having its registered office 29, avenue de Messine, 75008 Paris, France.